NY Fed Data Shows Underlying Inflation May Be Slower Than Thought
Portfolio Pulse from Happy Mohamed
Data from the New York Federal Reserve suggests that underlying inflation may be slower than previously thought, according to Reuters.
July 06, 2023 | 3:49 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may be impacted by slower than expected inflation as it could influence the Federal Reserve's monetary policy decisions.
Slower inflation could lead to a more dovish stance from the Federal Reserve, potentially keeping interest rates lower for longer. This could be beneficial for stocks and therefore the SPY ETF. However, the impact is uncertain as it also depends on other economic factors.
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IMPORTANCE 70
RELEVANCE 50